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Labor Shortage Leaves $13 Million in Crops to Rot in Fields
by BayAreaObserver in #Crops   97 comments, latest 2 hours ago
Last year marked the fifth consecutive year Santa Barbara County’s agriculture industry has struggled with labor shortages, which have ranged from 15 to 26 percent. Farmers, therefore, must leave crops...
Heres how much housing prices have skyrocketed over the last 50 years
by BayAreaObserver in #Housing   13 comments, latest 6 hours ago
If you want to buy a house this year, you may well be paying around $199,200, the median price for a home in the U.S., according to Zillow. Houses weren't...
So Ronald Reagan & his ilk were geniuses?
by HEY YOU   1 comment, latest 1 day ago
"Headlines like "How the grand conservative experiment failed in Kansas" and "Trickle-down economics is a nightmare. Kansas proved it" have been dominating the news out of Kansas this month." "On...
The Functions of the Stock Market and the Fallacies of Shareholder Value
by BayAreaObserver in #StockMarket   Posted 2 days ago
Conventional wisdom has it that the primary function of the stock market is to raise cash for companies for the purpose of investing in productive capabilities. The conventional wisdom is...
15 Homebuying Headaches (and How to Prepare for Them)
by BayAreaObserver in #Housing   4 comments, latest 2 days ago
Buying a home is one of the biggest financial decisions most Americans ever make, so it’s no wonder that it comes with a sizeable dose of anxiety. Nearly three-quarters of...
Americans Tolerate Inequality Because They Over-Estimate Their Odds of Coming Out on Top
by BayAreaObserver in #UpwardMobility   9 comments, latest 4 days ago
Americans are generally thought to view the economic system as fair and see wealth as a reward for ability and effort, while Europeans tend to believe that the economic system...
The dolphin uprising has begun!
by Dan8267 in #scitech   5 comments, latest 4 days ago
Dolphins are awesome! Killer whales, which are dolphins, not whales, have begun fighting human fishermen in Alaskan waters stealing their catches and driving the infidels out of their territory. The...
NPR Right Now: Google, Facebook, Amazon and Big Data
by Dan8267 in #scitech   Posted 4 days ago
#scitech #economics #politics...
Rigged - Forced into debt, Worked past exhaustion, Left with nothing
by BayAreaObserver in #Trucking   81 comments, latest 1 week ago
“This is a classic case where the little guy gets screwed” These port truckers -- many of them poor immigrants who speak little English -- are responsible for moving almost...
How the GOP Could Make a Temporary Tax Cut Last for 20 Years
by BayAreaObserver in #Economics   2 comments, latest 1 week ago
Republicans in Congress seem resigned to the prospect of having to force all of their legislative hopes and dreams for the 115th Congress through the narrow window of a pair...
Trump, Republicans Make Bogus Case for Bank Deregulation as Senate Certain to Curtail House Dodd Frank Reform
by BayAreaObserver in #Economics   2 comments, latest 1 week ago
We’ve argued from the crisis onward that the limited re-regulation of banking that took place was inadequate. But the Republicans are whinging that banks nevertheless are being treated badly despite...
Puerto Rico Says Will Default Tomorrow, Begs Congress For Help
by mell in #politics   33 comments, latest 2 weeks ago
Moody’s Investors Service analysts said last week that any non-payment, even if it’s agreed to by creditors, constitutes a default in their eyes. S&P Global Ratings said a distressed-debt...
Trump's Economic Agenda Is Almost Dead by Barry Ritholtz
by BayAreaObserver in #NeverTrumpers   11 comments, latest 2 weeks ago
Today’s column veers dangerously into “I told you so” territory. I take neither pleasure nor credit for recognizing that a once-in-a-generation opportunity is slipping away. In February, I warned that...
'Horrendous storm' to hit stocks, Wall Street not rational: David Stockman
by BayAreaObserver in #Stocks   3 comments, latest 2 weeks ago
If David Stockman is right, Wall Street should hunker down. "This is one of the most dangerous market environments we've ever been in. It's the calm before a gigantic, horrendous...
What is the Minimum Wage that Will Employ Everyone?
by BayAreaObserver in #Jobs   Posted 2 weeks ago
It is official, the unemployment rate in the US has dropped to its lowest level in 16 years. Economists all around the country must be tapping themselves in the back...
Factories Wont Bring Back the American Dream
by BayAreaObserver in #Jobs   17 comments, latest 2 weeks ago
“One of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants,”...
The Other Paris Agreement: US Walks Out On Accord To Combat Global Corporate Tax Evasion
by BayAreaObserver in #Economics   Posted 2 weeks ago
Less than a week after President Donald Trump announced that the U.S. would pull out of the Paris Climate Accord, the U.S. government abstained from signing another multilateral agreement in...
Holy shit, Evergreen State College students really are unemployable!
by iwog   9 comments, latest 2 weeks ago
The Course Catalogue at Evergreen State College Is Bonkers This coming fall, for example, you can take a number of classes that count as biology, but actually aren’t biology...
by Logan Mohtashami in #economics   103 comments, latest 2 weeks ago
#economics Just wanted to remind everyone 166,000,000 plus people working 5,740,000 job openings 79 months of job expansion 4 decade lows in unemployment claims 2 years from now the...
What if several of the worlds biggest food crops failed at the same time?
by BayAreaObserver in #FoodSupply   7 comments, latest 3 weeks ago
Less than one-quarter of Earth’s total cropland produces nearly three-quarters of the staple crops that feed the world’s population – especially corn, wheat and rice, the most important cereal crops....
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